Excellent investment opportunity, endless possibilities & deeded Paw Paw Lake access just steps away! Short term rentals (VRBO) are allowed, no permit needed but inspection is required every 3 years. Great beach town! Previously a hotel, this property currently rents as 5 units, all month to month. The main house has 2 rented units with an additional 5 bed/1bath (all on the 2nd floor) unutilized. Imagine how much more income potential there is! It could also be converted back to a single family home and you would still have 3 extra cottages to generate revenue. The 3 cottages can be parceled off with the addition of a well. There is also a buildable wooded parcel of land adjacent to the main house that could be sold. Close to restaurants, wineries and only 90 minutes to Chicago!
Sold
$399,900
7976 Central Ave, Coloma, MI 49038
11beds
6baths
5,500sqft
5+ Units
Built in 1920
-- sqft lot
$-- Zestimate®
$73/sqft
$836 Estimated rent
Home value
Not available
Estimated sales range
Not available
$836/mo
Zestimate® history
Owner options
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$2,516/mo
Est. payment
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Est. payment
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Close to restaurants
Zillow last checked:
Listing updated:
Listed by:
Alison Plaisier 269-999-0070,
Cressy & Everett Real Estate
Bought with:
Alison Plaisier, 6506047750
Cressy & Everett Real Estate
Source: MichRIC,MLS#: 23022740
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Heating
- Baseboard, Radiant, Wall Furnace
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 5,500 sqft
Property
Parking
- Total spaces: 10
Features
- Waterfront features: Lake
- Body of water: Paw Paw Lake
Lot
- Size: 1.31 Acres
- Features: Corner Lot
Details
- Parcel number: 110846000167060
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Aluminum Siding, Vinyl Siding, Other
- Roof: Composition,Other
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Coloma
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2023 | Sold | $399,900$73/sqft |
Source:  MichRIC #23022740 Report a problem | ||
| 8/4/2023 | Contingent | $399,900$73/sqft |
Source: MichRIC #23022740 Report a problem | ||
| 6/29/2023 | Listed for sale | $399,900-10.9%$73/sqft |
Source: MichRIC #23022740 Report a problem | ||
| 12/28/2022 | Listing removed | -- |
Source: MichRIC #22035980 Report a problem | ||
| 9/28/2022 | Listed for sale | $449,000-5.5%$82/sqft |
Source: MichRIC #22035980 Report a problem | ||
| 8/26/2022 | Contingent | $475,000$86/sqft |
Source: MichRIC #22035980 Report a problem | ||
| 8/19/2022 | Listed for sale | $475,000+257.1%$86/sqft |
Source: MichRIC #22035980 Report a problem | ||
| 8/31/2000 | Sold | $133,000$24/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | -- | -- |
| 2022 | $4,823 | $123,500 +4.7% |
| 2021 | -- | $118,000 +9.4% |
| 2020 | $4,806 +2.3% | $107,900 +2.3% |
| 2019 | $4,696 +7.3% | $105,500 +13.8% |
| 2018 | $4,377 +2.5% | $92,700 |
| 2017 | $4,271 +0.3% | $92,700 |
| 2016 | $4,257 +337.2% | $92,700 +3.6% |
| 2015 | $974 | $89,500 |
| 2014 | -- | $89,500 -6.6% |
| 2013 | -- | $95,800 -7.9% |
| 2012 | -- | $104,000 +11.3% |
| 2011 | -- | $93,400 +4.7% |
| 2010 | -- | $89,200 -6.1% |
| 2009 | -- | $95,000 +3.5% |
| 2008 | -- | $91,800 +4.6% |
| 2007 | -- | $87,800 +4.3% |
| 2006 | -- | $84,200 +9.6% |
| 2005 | -- | $76,800 |
Find assessor info on the county website
Neighborhood: 49038
Nearby schools
GreatSchools rating
- 3/10Coloma Elementary SchoolGrades: PK-3Distance: 2.7 mi
- 6/10Coloma Junior High SchoolGrades: 6-8Distance: 3.4 mi
- 5/10Coloma High SchoolGrades: 9-12Distance: 3.3 mi
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- Michigan
- Berrien County
- Coloma
- 49038
- 7976 Central Ave
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